Category: Blockchain

RBI Says India Will Initially Go for Basic Model For CBDC

As India struggles with how to regulate cryptocurrencies, the country’s central bank announced fresh plans to introduce a basic CBDC initially before implementing a more sophisticated version. On December 28, the Reserve Bank of India released a report called “Trend and Progress of Banking in India 2020-21″, and further elaborated on the regulator’s plan of a Central

Sportium Announces Strategic Partnership with Dapper Labs

Emerging Non-Fungible Token (NFT) platform Sportium has announced the successful close of investment from Dapper Labs by signing a bilateral MOU, as they both pursue a strategic partnership in helping Sportium fulfil its potential. Per the announcement, Sportium will leverage the Flow blockchain platform as the foundation to roll out its multi-sports NFT platform. Drawing

Bitcoin Continues to Circulate in a Semi-Bullish Territory

Santiment believes that Bitcoin is still in a semi-bullish area, given that circulation continues to be steady. The on-chain metrics provider explained: “Bitcoin continues to circulate in the semi-bullish territory, according to our latest NVT model data. With BTC back under $50K, circulation staying steady is encouraging to see, as it implies utility is

ProShares Files for New Metaverse ETF With U.S. SEC

The metaverse is likely going to see an exchange-traded fund from ProShares, according to a Tuesday filing with the U.S. Securities and Exchange Commission (SEC), Bloomberg reported. The ProShares Metaverse Theme ETF will be tracking the performance of the Solactive Metaverse Theme Index after approval from the U.S. SEC. The proposed ETF include Apple Inc, Meta Platforms Inc, and

Top 5 Technology Trends that Might Shape in 2022 and Beyond

One word that has been on the tip of the tongue of almost every second person on this planet especially since the last decade, and that has completely revolutionized the world in which we are currently living, is none other than technology.  Under the umbrella of technology, there are several terms with which might be

Alibaba Vice-Chairman Admits He Likes Crypto

Joe Tsai, the Executive Vice-Chairman of Chinese conglomerate Alibaba Group, has expressed his likeness for digital currencies in a tweet in which he professed, “I like crypto.” While it is not uncommon to find traditional business leaders expressing affirmation for the developing world of cryptocurrencies, Joe’s declaration comes as a shock to the crypto world

Thai Delays Testing Its Retail CBDC Until Late 2022

Thailand central bank in its statement, said that it expects to test its retail central bank digital currency (CBDC) in late 2022 than earlier planned. Digital currency will act as an alternative payment option.  The pilot project had been previously planned for the second quarter of 2022. According to the deputy director of the Bank

Exclusive: Crypto Review 2021 | Blockchain News

The COVID-19 variants Delta and Omicron is still continuing to hit the trading market, bringing uncertainty throughout 2021. In addition, the cryptocurrencies trading market has also experienced high volatility over the past twelve months. This feature will let readers go through key milestones and reviews of major events before the end of this year. Bitcoin breaks All-Time-High

Turkey’s Crypto Law heading to Parliament after President Erdogan’s Approval

Cryptocurrencies have become an issue for many governments and central banks, which has prompted the government of Turkey to take new steps. Turkey’s President Recep Tayyip Erdogan stated that his country has been accelerating its regulation of the digital tokens market. Turkey’s President confirmed last Friday that completing a crypto law draft will soon be shared

Kraken Develops NFT Trading Platform, Offering Token-Backed Loans

On December 24, U.S.-based cryptocurrency exchange Kraken announced that it is developing a marketplace for NFTs where users can trade digital art and collectables and organize loans using the tokens as collateral. Jesse Powell, the CEO and founder of Kraken, accepted an interview with Bloomberg media outlets. He disclosed that the exchange is developing a marketplace that